Republic Bancorp, Inc. (NASDAQ:RBCAA) Increases Dividend to $0.50 Per Share

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Friday, March 20th will be paid a dividend of 0.495 per share by the bank on Friday, April 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, March 20th. This is a 9.8% increase from Republic Bancorp’s previous quarterly dividend of $0.45.

Republic Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 27 years. Republic Bancorp has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings.

Republic Bancorp Stock Up 5.0%

NASDAQ:RBCAA opened at $74.92 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.46 billion, a PE ratio of 11.47 and a beta of 0.60. Republic Bancorp has a 52 week low of $56.79 and a 52 week high of $78.25. The stock has a 50 day moving average of $69.97 and a 200-day moving average of $71.33.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.